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Inflation to drop to single digits, interest rates to be decreased: Albayrak

Inflation to drop to single digits, interest rates to be decreased: Albayrak

Treasury and Finance Minister Berat Albayrak on Thursday claimed that Turkey’s inflation would drop to single digits in three months’…
[Exclusive][Video] Uber Shuttle drivers get $3000 each month

[Exclusive][Video] Uber Shuttle drivers get $3000 each month

On May 14, Uber announced the launch of the Uber Shuttle in Kyiv. The launch of the service in Kyiv…
Turkish economic confidence index falls by 8.5 percent in May

Turkish economic confidence index falls by 8.5 percent in May

Turkey’s economic confidence index saw an 8.5 percent decline in May, falling to 77.5 percent, according to the Turkish Statistical…
China’s Huawei makes Turkey focus of Mideast market: report

China’s Huawei makes Turkey focus of Mideast market: report

Described as a national security threat by the US, Chinese smart phone manufacturer Huawei has made its Turkey venture the…
US ends Turkey’s preferential trade agreement, reduces tariffs on steel

US ends Turkey’s preferential trade agreement, reduces tariffs on steel

The United States on Thursday terminated Turkey’s preferential trade treatment that allowed some exports to enter the country duty free,…
Turkey’s central bank increases its yearend inflation expectation

Turkey’s central bank increases its yearend inflation expectation

The Turkish Central Bank has increased its forecast for yearend inflation from 16.23 percent to 16.68 percent while decreasing its…
Turkish state banks sell dollars to boost lira’s value: report

Turkish state banks sell dollars to boost lira’s value: report

Turkey’s state banks, including the largest lender by assets, Ziraat Bank, sold $1 billion on Thursday and overnight to curb…
Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy and automotive sectors are suffering from exorbitant debt and low demand, respectively, in the face of a continuing…
Turkish Central Bank’s forex reserves shrink again, losing $1 million

Turkish Central Bank’s forex reserves shrink again, losing $1 million

The Turkish Central Bank’s international net reserves suffered a further decrease of $1 million last week, according to the T24…
Turkey’s PMI maintains its negative trend for the 13th month in a row

Turkey’s PMI maintains its negative trend for the 13th month in a row

Turkey’s Purchasing Managers’ Index (PMI), a survey of manufacturing sector managers on productivity, stood at 46.8 in April, marking the…
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